Solar Photovoltaic (PV) Panels Market to Reach USD 76,160 Million by 2032, Growing at 9.2% CAGR According to a new report from Intel Market Research, Global Solar Photovoltaic (PV) Panels market was valued at USD 41,710 million in 2025 and is projected to reach USD 76,160 million by 2032, growing at a robust CAGR of 9.2% during the forecast period (2026-2032). This growth is propelled by the increasing global demand for clean energy, supportive government policies, declining solar panel prices, and growing environmental consciousness worldwide. What are Solar Photovoltaic (PV) Panels? A solar cell or photovoltaic (PV) cell is a semiconductor device that converts light directly into electricity by the photovoltaic effect. The most common material in solar cell production is purified silicon that can be applied in different ways. A (Solar Photovoltaic (PV) Panels) PV module is an assembly of photo-voltaic cells mounted in a framework for installation. Photo-voltaic cells use sunlight as a source of energy and generate direct current electricity. A collection of PV modules is called a PV Panel, and a system of Panels is an Array. Arrays of a photovoltaic system supply solar electricity to electrical equipment. Asia is the largest Solar Photovoltaic (PV) Panels market with about 58% market share. Europe is the follower with about 18% market share. 📥 Download Sample Report: https://www.intelmarketresearch.com/solar-photovoltaic-panels-market-11351